1 View

Question : Which of the following statements is an example of positive economics?

Option 1: The government should regulate the banking sector to prevent financial crises.

Option 2: Tax cuts for corporations will stimulate economic growth.

Option 3: Wealth redistribution is necessary for a just society.

Option 4: Economic efficiency should be prioritized over equity.


Team Careers360 15th Jan, 2024
Answer (1)
Team Careers360 19th Jan, 2024

Correct Answer: Tax cuts for corporations will stimulate economic growth.


Solution : The correct answer is (b) Tax cuts for corporations will stimulate economic growth.

Tax cuts for corporations will stimulate economic growth is an example of positive economics because it presents a cause-and-effect relationship based on empirical evidence and economic analysis. It suggests that tax cuts for corporations will lead to an increase in economic growth. Positive economics focuses on analyzing economic data and facts to provide objective analysis and understanding of how the economy functions.

Related Questions

Chanakya University B.Com Adm...
Apply
Scholarships Available | Approved by UGC
UPES Dehradun | B.Com Admissi...
Apply
#41 in NIRF | 50 LPA Highest CTC, Ranked #1 in Academic Reputation in India by QS World University Rankings
Lovely Professional Universit...
Apply
India's Largest University | NAAC A++ | 100% Placements Record | Highest CTC 3 Cr PA | 145 + Programmes in 55+ Disciplines
Alliance University B.Com (Ho...
Apply
Highest CTC 60.1 LPA | 800+ Recruitment Partners
KL University B.Com Admission...
Apply
A++ Grade by NAAC | Recognized as Category-1 University by UGC | 100% Placement, 60 LPA Highest CTC, 400+ Recruiters
Amity University, Noida Admis...
Apply
Ranked as India’s #1 Not for profit pvt. University by India Today
View All Application Forms

Download the Careers360 App on your Android phone

Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile

150M+ Students
30,000+ Colleges
500+ Exams
1500+ E-books